In August this year, the crypto market lost $163 million in 16 major hacks, the highest lost amount was $91.4 million by an individual, and BtcTurk lost $54 million.
The losses in August 2025 are 15% greater than the amount lost in July this year, which was $142.16 million; in June, collective losses were $111.63 million.
However, in 2025, the highest losses to date were reported in February 2025 when the market lost $1.51 billion, and April is 2nd most affected with a total loss of $402.11 million, and combined losses in May were $254.96 million.
In 2025, only January and March losses remained below $100 million, yet losses in other months were above $110 million.
Other major victims of hacks were ODIN(dot)FUN, which mirrored a loss of $7 million, followed by BetterBank(dot)io, which was hit by $5 million, and $4.5 million went out of Credit Finance.
The PeckShield post dated September notes that the top 5 hacks in August 2025 account for 99% of total stolen funds, with $161 million.
Crypto needs enhanced security measures to avoid theft
Each year, the crypto market loses more than $1 billion in different activities, including hacks, cyber thefts, rug pulls, ponzi schemes, and smart contract vulnerabilities. But with the widening market, the issue of such activities is becoming quite important, and there is a need for enhanced security measures.
With the advancing technology, hackers have managed to create new ways to loot the investors in the crypto market.
Over the last few quarters, losses from social engineering seem to be peaking, and a month earlier, it was reported that in just a few incidents, more than $500 million went out of the market in social engineering theft attempts.
A quick overview of the crypto market
At the press time, the crypto market cap was $3.77 trillion with a slight loss of 0.29% and the trading volume has reached $147.34 billion with a surge of 34.11%, and the crypto fear and greed index is at 39, indicating fear in the market.
Bitcoin is priced below $110,000 and, until publishing it is exchanging hands at $108,632; it has a market capitalization of 2.16% and trading volume is $60.32 billion.
After a surge of 25.15% in a week, Ethereum is now trading at $4,394. At the same time, its market cap is $530.27 billion, and it has a trading volume of $32.8 billion.
According to CoinMarketCap, the intraday gainers list has been topped by Official Trump, which grew by more than 4.60% reaching $9.06, followed by Filecoin, which is priced at $2.39 with an increase of 3.88% and BUILDon, trading at $0.7118 with a 3.2% increase.
